First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Declares Dividend Increase - $0.46 Per Share

First Trust Japan AlphaDEX Fund (NASDAQ:FJP - Get Free Report) declared a quarterly dividend on Wednesday, June 25th, NASDAQ Dividends reports. Stockholders of record on Thursday, June 26th will be paid a dividend of 0.4626 per share on Monday, June 30th. This represents a $1.85 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Thursday, June 26th. This is a 24.1% increase from First Trust Japan AlphaDEX Fund's previous quarterly dividend of $0.37.

First Trust Japan AlphaDEX Fund Stock Up 1.8%

First Trust Japan AlphaDEX Fund stock traded up $1.03 during trading hours on Thursday, hitting $59.31. The stock had a trading volume of 5,318 shares, compared to its average volume of 15,406. The business's 50 day simple moving average is $57.33 and its 200-day simple moving average is $54.41. First Trust Japan AlphaDEX Fund has a one year low of $43.52 and a one year high of $60.54. The stock has a market cap of $169.03 million, a price-to-earnings ratio of 9.74 and a beta of 0.67.

Institutional Inflows and Outflows

An institutional investor recently raised its position in First Trust Japan AlphaDEX Fund stock. Jones Financial Companies Lllp grew its stake in First Trust Japan AlphaDEX Fund (NASDAQ:FJP - Free Report) by 2,389.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,309 shares of the company's stock after buying an additional 8,935 shares during the period. Jones Financial Companies Lllp owned 0.33% of First Trust Japan AlphaDEX Fund worth $510,000 as of its most recent filing with the Securities and Exchange Commission.

First Trust Japan AlphaDEX Fund Company Profile

The First Trust Japan AlphaDEX Fund (FJP) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Japan index. The fund tracks a tiered equal-weighted index of Japanese equities selected using both growth and value screens. FJP was launched on Apr 18, 2011 and is managed by First Trust.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.